JPMorgan Chase & Co. became the latest big bank to pull back from coal.

The New York bank will no longer finance new coal mines around the world and will end support for new coal-fired power plants being developed in “high income” countries of the Organisation for Economic Co-operation and Development, JPMorgan said in a policy statement on its Web site.

Read the article on Bloomberg.

Photo credit: Thomas Belknap (Flickr)